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Multibagger Stock: The stock of MRF Tire is full, the investors riding on it have become rich in 20 years

Highlights

The company’s shares have gained about 9,800 percent in the last 20 years.
The returns of investors who put money in the stock have so far been 98 times.
The stock of MRF has given a return of 11 per cent only in 2022.

New Delhi. The shares of tire manufacturing giant Madras Rubber Factory (MRF) have come a long way in the last two decades and have brought bumper returns to their investors as well. The share price of this company is around Rs 1 lakh and it has also become the most expensive stock in the country. Alam is that the company’s shares have jumped about 9,800 percent in the last 20 years.

The returns of investors who put money in the stock of MRF have so far been 98 times. That is, if an investor had invested 1 lakh rupees in this company 20 years ago, now it has increased to 98 lakhs. The stock of MRF has given a return of 11 per cent only in 2022. The share price of the company has reached Rs 82,270.70 per share at this time. Its market capitalization is currently Rs 34,903 crore, which has become a large cap company.

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How much was the price of shares 20 years ago
If you look at the price of MRF shares 20 years ago, on October 18, 2002, it was at a price of Rs 841.10. After 20 years, on October 17, 2022, its price has increased to Rs 82,270.70 per share. This means that if an investor had invested Rs 1 lakh in the shares of this company 20 years ago, then today its value would have reached Rs 98 lakh.

Bumper returns given even in short term
The shares of MRF have not only made their investors rich in the long term, but for the short term also, there was silver for those who put money in it. Actually, this stock saw a lot of volatility in the year 2022 and during this time there was a jump of more than one and a half times. On February 24, 2022, the price of MRF shares had slipped to Rs 60,000, which was a one-year low. However, after this, there was a tremendous jump of 49 percent in the shares and its price reached Rs 93,887 per share on 15 September, which was a record level of 52 weeks. However, right now the price of its shares is going down about 12 percent from this high.

Company’s earnings increased but profits decreased
No need to tell anyone about MRF tyres. This company manufactures tires ranging from cars, bikes to large vehicles and the company’s revenue has also increased in the last quarter. However, its net profit declined due to increase in operating expenses. The company’s net profit fell to Rs 112.36 crore in the April-June quarter from Rs 156.78 crore in the January-March quarter. However, during this period the revenue increased from Rs 5,200 crore to Rs 5,598 crore.

Tags: business news in hindi, Multibagger stock, Share market, stock return

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